S. M. Ali Abbas, Laura Blattner, Mark De Broeck, Asmaa El-Ganainy, Malin Hu, 27 October 2014

There has been renewed interest in sovereign debt since the Global Crisis, but relatively little attention has been paid to its composition. Sovereign debt can differ in terms of the currency it is denominated in, its maturity, its marketability, and who holds it – and these characteristics matter for debt sustainability. This column presents evidence from a new dataset on the composition of sovereign debt over the past century in 13 advanced economies.

Takatoshi Ito, Satoshi Koibuchi, Kiyotaka Sato, Junko Shimizu, 08 September 2010

Why do so many Japanese firms risk their profits by invoicing their exporters in foreign currencies? This column, based on firm-level interview data, suggests that such invoicing may be motivated by the fact that many Japanese firms export their goods to foreign subsidiaries facing local competitors. Invoicing in foreign currencies concentrates currency risk at the company headquarters.

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The conference will feature recent research by academics, central bankers and representatives of international financial institutions on: Currency Denomination of Borrowing; Foreign Currency and Financial Crises; Hedging Behavior, Foreign Currency Exposure and Firm Value; Macroeconomic Currency Exposure. Attendance details can be found on the meeting website.

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